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Author Articles
Enough Nickel, Lithium For 14 Million EVs In 2023 - Report
Automotive consultancy LMC has forecast global EV sales will hit 9 million in 2023 and 14.2 million in 2025.
Auto Parts Maker Aptiv Joins Rivals To Flag Earnings Hit From China Lockdowns
Aptiv has a "heavy presence" in Shanghai, a city that has been under strict lockdowns due to surging COVID-19 cases.
Uber To Cut Costs, Slow Down Hiring, CEO Tells Staff
The ride-hailing company becomes the latest to rein in costs to have a lean investment model, after Facebook-owner Meta Platforms Inc
Factbox - South Korean EV Battery Makers In $13 Billion Spree To Win U.S. Market
South Korean battery makers have stepped up their U.S. investment ambitions and cumulative spending announcements since 2018
Indian Shares Fall As Metals Tumble; Automobiles Help Cap Losses
India announced a series of changes to the tax structure levied on fuel and crucial commodities in a bid to help fight surging inflation.
Japan's Subaru To Build Its First Electric Vehicle Factory
Subaru plans to launch a mixed-production line of gasoline and electric vehicles around 2025 before opening an EV-only production line in the new factory after 2027
Ather Energy Says Damaged E-Scooter Due To Accident Caused Short-Circuit, Fire
Upon investigating a fire in the Ather Energy dealership in Chennai, Ather has pinned the cause to a crack in the battery casing of the vehicle, which was caused by an earlier accident. No injuries were reported.
Nigerian Entrepreneur Builds Electric Mini-Buses In Clean Energy Push
Nigerian entrepreneur Mustapha Gajibo is now building solar battery-powered buses from scratch in a push to promote clean energy and curb pollution.
CATL Planning EV Battery Production In United States, Vetting Sites - Report
CATL, the world's largest battery maker, is in the final stages of vetting sites in the United States to build electric vehicle batteries.
Varroc Engineering To Sell Europe, Americas 4-Wheeler Lighting Business For $631 Million
Varroc, which will retain its 4-wheeler lighting operations in Asia, said it will continue to operate its China joint venture and its other businesses in countries such as Italy, Vietnam, Poland and Romania.
Long Fuel Queues Persist In Sri Lanka Despite Scramble To Deliver Supplies
Long queues snaked around gas stations in Sri Lanka's commercial capital and its outskirts on Monday even though the island nation's government was scrambling to deliver fuel supplies and douse any unrest as it battles a devastating economic crisis.
Mahindra Releases Q4 FY2022 Results: Reports 28% Growth In Revenues
During Q4 FY2022, Mahindra sold a total of 2,24,262 units, with 8,06,551 units sold over the duration of FY2022.
Tesla Shanghai Plant Plans To Make Less Than 200 Cars On Tuesday - Report
Tesla Inc will run part of its production lines at the Shanghai plant to produce less than 200 vehicles on Tuesday.
G7 Can Spearhead Climate Fight By Agreeing To Phase Out Coal, Germany Says
The Group of Seven countries can spearhead the fight against climate change and accelerate a pivot away from fossil fuels by agreeing to phase out coal power generation, Germany's economy minister Robert Habeck said.
Startups Apply Artificial Intelligence To Supply Chain Disruptions
Coronavirus, war in Ukraine, Brexit and a container ship wedged in the Suez Canal have combined to delay deliveries.
GTA Publisher Take-Two Signals Drop In Demand From Pandemic Highs
Take-Two Interactive Software became the latest U.S. gaming company to forecast annual sales below estimates, as demand starts to plateau in a post-pandemic world.
South Korean EV Battery Makers In $13 Billion Spree To Win U.S. Market
South Korean battery makers have stepped up their U.S. investment ambitions and cumulative spending announcements since 2018 now total some $13 billion.
Car Tech Firm ECARX To Go Public In $3.8 Billion Blank-Check Deal
ECARX Holdings said it would go public through a merger with a blank-check firm in a deal that values it at $3.82 billion.
Volkswagen CEO Sees Production Rebound
Volkswagen CEO Herbert Diess said he sees "clear improvement" in semiconductor supplies and expects the automaker's global production can recover during the rest of this year.
U.N. Seeks $144 Million To Offload Decaying Yemen Oil Tanker
David Gressly, the UN Resident and Humanitarian Coordinator for Yemen, said he hoped a donors conference held with the support of Netherlands in the Hague would quickly mobilise funds to avert a catastrophe on the Red Sea coast and its region.
